Cost of Solar Panels in Ohio: Local Solar Installation Prices (2022)

Here’s a quick look at the estimated cost of solar in Ohio:

  • Average Cost Per Watt: $2.56
  • Cost of Average System: $17,050*
  • Cost of Energy Without Solar: $42,312
  • Payback Period: 12 Years**
  • Lifetime Savings of Going Solar: $19,272

*Average system size is calculated using data from the Energy Information Administration. This price is after tax credit.
**Payback period is calculated assuming the system is purchased in cash.

Ecowatch Author Karsten Neumeister

By Karsten Neumeister, Solar Expert

Updated 5/17/2022

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Find Cost Savings on Solar in Ohio

As a homeowner in Ohio, you may be wondering: How much do solar panels cost in your area? In this article, we’ll discuss the average cost of a solar installation, how much that can save you on energy for your home and what incentives are available in your region. If you want to jump straight to getting a quote for an installation, you can follow the links below to speak with a verified professional.

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YellowLite

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Ohio Power Solutions

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Cost of Solar Panels in Ohio

Installing residential solar panels is cheaper in Ohio than in many other areas of the nation. The average cost of solar panels in Ohio is $2.56 (compared to the U.S. average of $2.66 per watt). We’ve also found that the typical Ohio homeowner will need to install a 9-kilowatt (kW) solar photovoltaic system to offset the average monthly electric bill of $107.1 Using these figures, we can calculate that the average Ohio solar array costs a total of about $23,040.

The price of a solar panel installation in Ohio can vary based on a number of factors, including the size of your home and how much direct sunlight your roof receives. While prices may vary, don’t forget to factor in tax credits and other solar incentives that can lower the upfront cost of going solar in Ohio.

While long gray winters may have some wondering if it’s worth going solar in Ohio, plenty of homeowners in the Buckeye State say they get enough power generation from the sun to justify their switch to clean energy.2 Plus, solar prices have fallen 11% over the past five years, which has a lot of people switching over to solar to reduce their overall energy costs.3

Solar Panel System Installation Cost in Ohio

The size of the solar energy system you’ll need to power your home is dependent on your current household energy usage, but it will also vary based on other factors, like your roof size. Our solar calculator shows that the average solar panel installation cost in Ohio ranges from $15,350 and $30,750 before applying for tax incentives or solar rebates.

The table below shows the average prices for a solar panel system in Ohio before and after the 26% federal tax credit, also called the solar investment tax credit (ITC):

Size of Solar Panel System Ohio Solar Panel Cost Cost After Federal Tax Credit
6 kW $15,360 $11,366
7 kW $17,920 $13,261
8 kW $20,480 $15,155
9 kW $23,040 $17,050
10 kW $25,600 $18,944
11 kW $28,160 $20,838
12 kW $30,720 $22,733

Looking for the best solar companies in Ohio? We’ve vetted dozens of installers that offer affordable, high-quality systems near you. Click here to see our top picks.

What Determines the Cost of Solar Panels in Ohio?

As we’ve discussed, the cost of solar panels in Ohio is dependent on a variety of factors. Below, we’ll look at the top aspects that can alter the cost of your solar project.

Solar Equipment

As noted in the chart above, the size of your solar panel system will play the biggest role in determining how much a solar panel installation costs in Ohio. For example, a 6-kW system may cost you $15,360, while a 12-kW system may put you back $30,720. While the average Ohio resident will install a 9-kW solar system, that may not be the best size for your home. You can get a rough idea of how many solar panels you’ll need based on your past utility bills, available roof space and the amount of sunlight your home gets.

It’s not just the size, but the brand and type of solar panel you install that will alter the price tag. If you want the highest energy efficiency, you’ll want to pick monocrystalline solar panels from a top-name brand, like SunPower. However, better technology will come at a greater price.

Lastly, it’s not just the solar panels, but the other solar equipment you choose for your installation that will change the cost. For example, rooftop solar installations may differ in price from ground-mounted solar arrays. You’ll also need to factor in other equipment (like inverters) and add-on features. If you live in an area prone to power outages or want to use your solar power at night, you might be more inclined to install solar batteries for energy storage, and that can drive up installation costs. Most companies will offer a variety of brands for solar batteries — like the Tesla Powerwall or Generac PWRcell — that come with different price tags.

Solar Financing

The method by which you choose to finance your solar panels will also affect the overall cost. Obviously, if you take out a solar loan with a high interest rate, you’ll end up paying more for your solar panel installation over time. On the other hand, if you pay more, or all, of the cost of solar panel installation upfront, you’ll owe less.

We know it’s expensive, but we recommend paying as much as you can up front to maximize your savings. We don’t suggest you sign a solar lease or power purchase agreement (PPA) because you won’t be able to capitalize on all of the solar incentives available if you don’t own your panels.

Solar Installation Company

Different solar installation companies will offer different equipment brands that can alter the overall cost of your solar panel installation in Ohio. With more than 50 installers serving Cleveland, Columbus and beyond, you’ll have plenty of companies to choose from.4 We recommend shopping around and getting quotes from at least three companies to find the one that’s going to offer the best solar installation value for your home. 

Ohio Solar Incentives

Ohio is not one of the top states for solar, but solar panels are becoming increasingly popular in the state. It could be because Ohioans are seeking energy independence from utility companies, or perhaps they’re interested in lowering their electricity rates through net metering or just want to capitalize on the pros of going solar.

Whatever your reason for making the switch to clean energy, we want you to get the maximum reward. Here are some of the financial incentives available to homeowners who go solar in Ohio:

Ohio Solar Incentive How it Affects the Cost of Solar Panels in Ohio
Solar Renewable Energy Credits (SRECs) For every 1,000 kWh (or 1 MWh) of electricity your solar panels produce, the state will grant you one solar renewable energy credit (or certificate).5 In turn, you can sell these certificates for cash. Similar to the stock market, the SRECTrade value fluctuates, but as of early 2022, the cost was about $10 per certificate.6 That means a typical 9-kW system that produces 9 MWh per year could earn you an extra $90 per year.
Energy Conservation for Ohioans (ECO-Link) Program The state enacted the ECO-Link program to make it less expensive for Ohio homeowners to finance energy-efficient home upgrades, including solar panel systems. Eligible homeowners receive up to a 3% interest rate reduction on solar loans for up to seven years.7
Net Metering Policies in Ohio Net metering is available for customers in Ohio at generation rate, not full retail rate. That means you’ll be credited for the excess energy your solar panels produce at a rate slightly less than 1-to-1 per kW. These rates vary depending on your utility company, as there is no statewide net metering policy in Ohio. Learn More
Federal Solar Tax Credit The solar investment tax credit (ITC) allows solar adopters to claim 26% of their total solar equipment and installation costs as a tax credit on their next federal filing. The 26% credit is in effect for any solar project purchased in 2022. However, the tax credit is set to decrease to 22% in 2023 and disappear completely for residential systems in 2024 if it’s not extended by the federal government.

Best Solar Panel Brands and Installed Solar System Costs in 2022

As we mentioned above, the brand of solar equipment you install will play a huge role in the total cost of your solar panels in Ohio. Below, we’ve highlighted some of the best and most commonly used solar panel brands with a look into how expensive each brand’s panels run per watt.

Solar Panel Brand Average Cost Per Watt ($-$$$$$)
LG Solar $$$
Canadian Solar $$
JA Solar $$
Mission Solar $$
Panasonic $$
Q Cells $$
REC $$$
Silfab $$$
SunPower $$$$$
Tesla $$
Trina Solar $$$

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People Also Ask 

EcoWatch FAQ: Solar Panel Cost Ohio

The EcoWatch team fields many questions from Ohio homeowners looking to go solar. Here are some of the more popular questions we see from readers:

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Karsten Neumeister

Solar Expert

Karsten Neumeister is a solar energy specialist with a background in writing and the humanities. Before joining EcoWatch, Karsten worked in the renewable energy sector of New Orleans, focusing on solar energy policy and technology. A lover of music and the outdoors, Karsten might be found rock climbing, canoeing or writing songs when away from the workplace.